Economy
SBI Retains 'Buy' Rating as Loan Growth Guidance Hits 15%
Moneycontrol1h
THE BRIEF
1
State Bank of India (SBI) shares remain a 'Buy' for analysts at Motilal Oswal, with a target price of Rs 1,370 following strong Q1 earnings.
2
The bank has projected a robust loan growth guidance of 14-15% for the current fiscal year, supported by higher interest income and improved asset quality.
3
SBI reported a standalone net profit of Rs 21,121 crore, marking a 10.2% year-on-year growth despite broader market volatility and geopolitical tensions.